New Democrat MPP Peter Tabuns said he will introduce a private members’ bill on Monday to close a provision that exempts buildings constructed since 1991 from annual rent-control guidelines.
Tabuns’ rent control legislation would amend the Residential Tenancies Act. Landlords with buildings constructed before 1991 are limited to raising rents along government guidelines, which are typically about 1.5 per cent a year.
“A lot of renters are near their breaking point,” he told a news conference Thursday. “Too many are at risk of homelessness, too many are couch-surfing,” said Tabuns, who noted that low-income singles and families are hardest hit.